Quote from: Roseline492 on Today at 07:32:23 AM

Quote from: JayJuanGee on Today at 04:52:37 AM

[edited out]

Investment less than 4 years is not a long time hold, not even up to a full circle which is 4 years, but people have different perspective of long time hold pending on there accumulating plans, for some persons there long time hold could just be 2 or 3 years holding while others believe long time hold is from 5 to 10 years but it all depends on the holders.

Even though maybe we are arguing semantics, I would not consider there to be different perspectives of what is "long time" but instead there are people who are in different place in terms of their own circumstances that affect how they think about buying bitcoin.. and even though people can do whatever they want, frequently when i talk to people, whether in this thread, or in other places (or even in the real world), I suggest that bitcoin "is best" thought about as a long term investment.. so I am attempting to create a certain framework regarding how to think about bitcoin in a healthy way, and they are free to disagree or do whatever the fuck they like... but it still does not mean that their perspective is likely to be equally correct when they fuck around with trading and other kinds of gambling bullshit with a pristine asset like bitcoin in which it is quite likely that the long term lucrative approach to bitcoin is likely buy, accumulate and hold..rather than fucking around and proclaiming "my perspective is different" blah blah blah.

And, yeah, people are free to do what they like.

And, yeah, many people are not quite ready for bitcoin because they don't know shit about it, even if they might think that they know because they heard the name bitcoin or that they heard some disinformation that they believe to be true.

Part of the purpose of sharing information, perspective and framework for people is to help them to potentially benefit from someone who has spent thousands of hours studying bitcoin rather than their coming to their own nonsense without hardly even thinking about the matter beyond throwing a dart at the board.

Don't get me wrong.. sometimes shorter term perspectives an end up paying off quite stupendously and even allow someone to profit stupendously by some ways of luck or timing in terms of being new to bitcoin in early 2020, and then for example buying $50k worth of bitcoin around the 2020 covid dip (let's say 10 BTC for $5k each), and then maybe considering early 2021 as a bubble selling at $60k and then buying back at $30k and then maybe selling again at $60k and buying back at $18k.. but I have my doubts that anyone would really be able to time very many of those kinds of moves.. so those tend to be lucky rather than the right approaches, even though some times people might generally be able to get in and out at right around the right times but maybe not exactly for the right reasons beyond their saying that they have "intuitions."

Quote from: Roseline492 on Today at 07:32:23 AM

Jay, just like you said whatever thing anyone wish to do provided is working for them, because whatever interpretation they have on long time holding provided that they are meeting there target which is the most important even though the reason of this thread is for buying the dip and hold but at last everything boiled down to profit which is the major goal or the reason of accumulating.

I doubt it.

This is not a thread about "no matter what you do is good as long as "profits"".. so you may well be in the wrong thread.

There is a framework in this thread that has to do with long-term accumulation, so even if you say that the thread is motivated by profits, that does not mean that everything becomes fair merely because there are other ways to make profits.

Quote from: Aanuoluwatofunmi on Today at 11:24:47 AM

Quote from: JayJuanGee on Today at 04:52:37 AM

Quote from: Patrol69 on Today at 04:02:46 AM

I always believe in holding my investments for a long time. I have already reaped the benefits of holding my investments for a long period of time. I bought quite a bit of BTC when the price of Bitcoin was $16K and when the market went from $16K to $20K momentarily but I didn't sell my investments because I was waiting for better times. When the market dipped back down from $20K again I believed that if I held my investment for the long term and if I didn't sell my investment I would definitely get a lot better from this investment than I currently do. I planned to hold long term and till now I am holding my investment, after bitcoin price reached $30K many well wishers told me to sell my investments now but I am sticking to that decision till now and I am holding mine for longer time. Planning to hold the investment, initially I am waiting for Bitcoin to go to $100K, I will wait and hold my investment for however long it takes for Bitcoin to go to $100K.

It does not sound like me that you are basing your holding based on "long time." You are holding based on a "target price" that you have which you happen to have disclosed as being something like $100k-ish.

And by the way, bitcoin went down to $15,479 last November, so you if you have been buying since then, you have not even been holding for a year.. that is hardly a long time and hardly even a whole cycle. Maybe you won't even be able to hold for a whole cycle, which also does not seem to be a long time. Remember a cycle is 4 years.. so are you holding more than a cycle? It does not sound like your plan.

But hey do whatever you like, even though many of us here believe that 4-10 years is a kind of minimum for thinking about "long term investing" and really 4 years is not even long term, but sometimes it is difficult to recommend anyone get into bitcoin for less than a whole cycle without recognizing that anyone who invests in bitcoin for less than 4 years and they are looking to sell at some point as the BTC price goes up, they are employing a different investment style that is likely not really what the thrust of this thread is about.. because many folks are going to need a few cycles before they really are likely to start to get into a kind of level of confidence regarding how many BTC that they have and options that it may likely end up bringing to their lives.

We have to identify some things clear from this discussion, some hold on many reasons which we can see part of them as for an investment asset to retain and maintain it value over a period of time, some to increase their holding capacity by making profits from it over time, lastly some prefer to hold in bitcoin because they realized the challenges with the fiat economy whereby inflation decrease the financial value of what they have and sees bitcoin as the perfect alternative, which means in whatsoever reason we decided to hold bitcoin over time, we should know the risk involved as JayJuanGee has highlighted, we are investing or holding base on our personal research and information we have about bitcoin investment and not because others are doing so, because along the way you could discover some challenges that may warrant you releasing anything you're holding onto, just as we have with this period on bear market.

Yeah, but it seems that I was motivated to respond to Patrol69 in the first place because he seemed to have been perverting and convoluting ideas since he was saying long term, but he is really aiming for $100k and he is willing to wait.. which does not really mean the same thing to me, even though sure, he can do whatever he wants... I just thought that it was confusing the way that he framed the matter of time versus seeming to have a price target.

Quote from: DoverDoane on Today at 03:15:00 PM

Maybe there are many things that I can pick up plus points and have more confidence to invest in Bitcoin on a regular basis.

Of course that is up to you in terms of how much priority to give towards learning, and sometimes just getting started with small amounts will give you some incentive to spend more time learning. That is one of the advantages of DCA in terms of setting a small amount, and then perhaps learning along the way (including figuring out your own financial and psychological circumstances) prior to making tweaks to how you might later decide to approach the BTC investment that you had already started with some level of DCA, even if it might be starting with ONLY $10 per week rather than a more aggressive amount such as $100 per week...and yeah of course, some people could not even afford $100 per week so these kinds of number suggestions need to be adjusted for where someone might be at in the world and/or where they might be at with their own budget and/or psychological situation.